The finite population correction factor for the standard error of the mean should be used when the ratio of the sample size to the size of population exceeds ________.
A) 1%
B) 2%
C) 3%
D) 5%

Question

Quizplus · Accepted Answer

The finite population correction factor should be used when the sample size is more than 5% of the population size. Therefore, the ratio of sample size to population size should exceed 5% or 0.05. Thus, the correct choice is D which is greater than 5%.

The Finite Population Correction Factor for the Standard Error of the Mean